Competition Terms

• The offer is open to homeowners aged 55 to 95 who want to explore equity release
• This offer excludes employees of Key and their families
• You will automatically be entered into the prize draw on attendance of your initial consultation
• In order to qualify, the initial consultation must be booked and attended between 1 April 2019 and 30 June 2019
• One winner will be selected at random within seven days of the competition closing and will be notified by post
• Any consultations booked and attended before 1 April 2019 or after 30 June 2019 will not be eligible
• Only one entry per household
• Key reserves the right to suspend, change or cancel the promotion at any time and without notice; this includes the ability to substitute the prize with another prize of equivalent or greater value if necessary, change the specification of a prize if circumstances require it or change the entry methods
• If the winner of the competition has proceeded to an issued sale of an equity release product prior to winning the £86k, Key will provide further equity release advice without cost to the individual
• In the event of a dispute, the decision of Key will be final and binding; no correspondence will be entered into

Things to consider

When comparing the whole equity release market, our independent specialist advisers will explain:

• You have to get advice before releasing equity. Please read all our information and make sure it's right for you
• The plans we recommend have a no negative equity guarantee, so you’ll never owe more than your home’s value
• Equity release reduces your estate's value and may affect any means-tested benefits you're eligible for
• The initial consultation is free with no obligation and if you proceed with an equity release plan our advice fee, usually 1.99% of the amount released (£1,499 minimum), payable on completion
• A lifetime mortgage, which is a loan secured against your home, is the most popular form of equity release and you will still own your home